G2 INVESTMENT PARTNERS MANAGEMENT LLC
disclosed that they own a 6.2% stake in Datawatch Corp. (NASDAQ:DWCH) in a Schedule 13G disclosure that was filed with the SEC on Wednesday, October 19th. The investor owns 737,900 shares of the stock valued at $5,312,880. The reporting parties listed on the disclosure included G2 Investment Partners Management LLC, G2 Investment Partners GP LLC and G2 Investment Partners QP LP. The filing is available through Edgar at this hyperlink.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Royce & Associates LP increased its position in Datawatch Corp. by 4.4% in the first quarter. Royce & Associates LP now owns 115,385 shares of the company’s stock worth $571,000 after buying an additional 4,855 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Datawatch Corp. during the second quarter worth approximately $558,000. Renaissance Technologies LLC boosted its stake in shares of Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $187,000 after buying an additional 17,700 shares during the period. G2 Investment Partners Management LLC bought a new stake in shares of Datawatch Corp. during the second quarter worth approximately $500,000. Finally, Vanguard Group Inc. boosted its stake in shares of Datawatch Corp. by 0.3% in the second quarter. Vanguard Group Inc. now owns 313,460 shares of the company’s stock worth $1,737,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 27.39% of the company’s stock.
Shares of Datawatch Corp. (NASDAQ:DWCH) traded up 4.17% during mid-day trading on Wednesday, hitting $7.50. The stock had a trading volume of 106,696 shares. Datawatch Corp. has a 1-year low of $3.10 and a 1-year high of $7.84. The stock’s 50-day moving average is $7.29 and its 200-day moving average is $5.90. The firm’s market capitalization is $88.94 million.
Datawatch Corp. (NASDAQ:DWCH) last released its earnings results on Wednesday, July 20th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.15. Datawatch Corp. had a negative net margin of 52.48% and a negative return on equity of 27.37%. The business earned $7.40 million during the quarter, compared to the consensus estimate of $7.77 million. Equities analysts expect that Datawatch Corp. will post ($0.70) earnings per share for the current year.
Separately, Zacks Investment Research raised Datawatch Corp. from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research note on Wednesday, August 10th.
About Datawatch Corp.
Datawatch Corporation provides visual data discovery software. The Company is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market. Its line of visual data discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand (RMOD).
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